Controversial thoughts about modern day risk management in non-financial companies

Risk management is changing with more than ever focus on integration and human culture and cognitive aspects. It sounds obvious, but is it really?

Here is a quick test: Which typical risk management element/tool has the least amount of value?

Risk management framework

Quarterly risk assessment workshops

Risk reports

Risk registers

Heat maps?

In my mind, they are equally useless and maybe even detrimental to the effective management of risks or risk-based decision making. Unfortunately, you cannot agree with the first statement about integration and culture while continuing to use these outdated tools. There is a much better alternative for every single point in the list above. Join me for the latest instalment in RISK-ACADEMY free webinars.

In this free webinar I will talk about integrating risk management into decision making by sharing some practical steps on how to move from standalone risk management to risk-based decision making. Click on the registration link for dates and times.

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